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Franchise Disclosure Registry to help restore confidence in sector

Date Time Franchise Disclosure Registry to help restore confidence in sector The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Bruce Billson has welcomed plans to establish a new mandatory Franchise Disclosure Registry, saying it will provide prospective franchisees with vital information needed prior to entering into a binding franchise agreement. Mr Billson says the national registry, to be released next year, will require franchisors to lodge disclosure documentation about their franchise annually. These documents will be publicly available through the registry. “There is a clear need of greater awareness in the franchise sector and this registry will certainly help restore confidence in this sector,” Mr Billson says.

Budget 2021: Plenty for SMEs in big-spending, election budget bonanza

Budget 2021: Plenty for SMEs in big-spending, election budget bonanza Eloise Keating Department of Treasury in Canberra. Source: AAP/Lukas Coch. Australia’s small and medium businesses are among the winners in this year’s budget, which puts skills and training, the digital economy and dispute resolution front and centre. The budget tackles some much-needed areas of concern for small business owners, while at the same time extending the SME-friendly policies from last year’s budget and dropping those, like the JobMaker hiring credits, that didn’t work. As expected, the government hasn’t held back in its spending commitments in what is likely to be its last budget before it faces the polls again.

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